American businessman Bill Miller has withdrawn his bid for Rangers.

Rangers’ administrators claimed Bill Miller could complete his purchase of the club by the end of the season after naming the American businessman as preferred bidder.

American businessman Bill Miller is nearing a takeover of Rangers after being granted preferred bidder status by administrators Duff and Phelps.

Sale Sharks owner Brian Kennedy and the Blue Knights have confirmed they have submitted a “revised bid” for Rangers with administrators Duff and Phelps.

Rangers administrator David Whitehouse is anticipating an improved offer from the Blue Knights after telling the consortium their package is unlikely to satisfy the club’s creditors.

Rangers manager Ally McCoist has defended his calls for transparency regarding the Scottish Football Association's judicial panel and insists his comments were not a signal for fans to engage in threatening behaviour.

Rangers‘ administrators have requested an immediate expedited appeals process over the sanctions imposed on the club by the Scottish Football Association’s judicial panel last night.

Rangers administrators Duff and Phelps have warned attempts to rebuild the crisis club had been seriously undermined by a 12-month signing embargo handed out by the Scottish Football Association.

Rangers’ administrators have urged fans to be patient for “a few more days” with talks set to continue over the weekend in the search for a new owner for the club.

Manager Ally McCoist believes Rangers must find a solution to their financial problems before the end of May amid fears of liquidation for the administration-hit club.

Rangers players could walk away from Ibrox for free if a new company is formed to take over the club’s assets, according to PFA Scotland chief executive Fraser Wishart.

Rangers administrators Duff and Phelps have instigated legal proceedings against owner Craig Whyte‘s former lawyers – a claim which is understood to be in the region of £25million (€30m).

Ticketus remain happy to work with Paul Murray despite the former Rangers director announcing his Blue Knights consortium were taking a step back from the race to buy the club.

MORE than 40 years after singer Johnny Cash, who died in 2003, was arrested in Starkville, residents of the US town plan a festival in his honour that will include a ceremonial pardoning for the “Man in Black”.

More than 40 years after the late singer Johnny Cash was arrested in Starkville, residents of the US town plan a festival in his honour that will include a ceremonial pardoning for the “Man in Black”.

Country icon Johnny Cash's legacy is to be honoured with a new radio show dedicated to his life and music.

A guitar played by the late George Harrison during the Beatles’ last public performance has been sold for £289,000 (€411,597) in a public auction.